Article preview: Global leaders are negotiating the terms of a new global minimum tax rate designed to ensure that multinational businesses pay a fair amount of tax, regardless of their location. The United States is currently pushing for the G7 group of countries to introduce this global minimum corporation tax at 21%. New research from the IPPR Centre for Economic Justice has concluded that introducing the tax at this level would be fairer for UK businesses and could raise vital tax revenue.
Why the UK should back a 21% global minimum corporation tax
This 593-word blog post considers a new report from the IPPR Centre for Economic Justice explaining why the UK should back the US proposal for a 21% global minimum corporation tax rate. Written on 1st June 2021.
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